CALGARY, July 11, 2012 /CNW/ - The Alberta Securities Commission (ASC) today issued its orders relevant to the proposed acquisition of TMX Group Inc. by Maple Group Acquisition Corporation. The ASC has:
issued a Variation Order, varying the terms of existing orders that
recognize Natural Gas Exchange Inc. (NGX) as an exchange and as a
clearing agency under Alberta securities laws by requiring an
undertaking from NGX to establish, maintain and comply with policies
and procedures to identify and manage conflicts of interest and
confidentiality issues that may arise as a result of the new ownership;
issued a Variation Order that continues the exemption of TSX Inc. from
recognition as an exchange under Alberta securities laws, provided
that the TSX remains subject to the regulatory oversight of the Ontario
Securities Commission, and provides for enhanced information access
- issued a Recognition Order that continues the recognition of TSX Venture Exchange Inc. (TSXV) as an exchange under Alberta securities laws, to be subject to the joint regulatory oversight of the ASC and the British Columbia Securities Commission (BCSC).
Terms of the TSXV Recognition Order issued by the ASC are substantially the same as those contained in the order of the BCSC recognizing the TSXV under British Columbia securities laws.
Copies of the Variation Orders and Recognition Order are available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission